Latest news with #KBDC
Business Wire
2 days ago
- Business
- Business Wire
Kayne Anderson BDC, Inc. Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.40 Per Share
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) ('KBDC or the Company'), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the second quarter ended June 30, 2025. Net investment income of $28.7 million, or $0.40 per share; Net asset value of $16.37 per share, decreased from $16.51 per share as of March 31, 2025, primarily the result of paying a special dividend in 2Q'25 of $0.10 per share and net unrealized losses on the portfolio of $0.06 which was partially offset by accretion of $0.01 on share repurchases; New private credit and equity co-investment commitments of $128.7 million, fundings of $128.7 million and sales and repayments of $72.1 million, resulting in a net funded private credit and equity investment increase of $56.6 million; Repayments of broadly syndicated loans of $46.5 million; The Company's Board of Directors (the 'Board') declared a regular dividend of $0.40 per share, to be paid on October 16, 2025 to stockholders of record as of September 30, 2025. 'During the second quarter when lending activity declined broadly, we were able to grow our private credit portfolio while maintaining an average spread on new investments of 540bps over SOFR,' said Ken Leonard, Co-Chief Executive Officer. 'Our results continue to highlight the strength of our platform's value lending focus, conservative positioning with a portfolio of 98% first lien loans and health of the portfolio with non-accruals flat quarter over quarter at 1.6% of fair value. Additionally, our net investment income of $0.40 per share covered our regular quarterly dividend for shareholders.' 'We are encouraged by the increase in KBDC's origination activity in the first half of the year and are confident, based on current market conditions, that we will continue to grow the portfolio over the remainder of the year to the benefit of our shareholders,' said Doug Goodwillie, Co-Chief Executive Officer. 'In addition, KBDC's significant strategic investment into SG Credit further complements our direct lending portfolio and origination platform while also being immediately accretive to our shareholders.' Selected Financial Highlights (1) Amounts shown may not correspond for the period as it includes the effect of the timing of the distribution, shares repurchased, and the issuance of common stock. Expand Results of Operations Total investment income for the quarter ended June 30, 2025 was $57.3 million, as compared to $55.2 million for the quarter ended March 31, 2025. The increase was primarily driven by rotations out of the lower yielding broadly syndicated loans into middle market loans and the full quarter impact of net additions to the portfolio during the first quarter. PIK income represented 3.6% of total interest income for the three months ended June 30, 2025. PIK income was elevated from prior quarters because year to date interest income from one of the Company's investments was converted to PIK during the second quarter. Net investment income for the quarter ending June 30, 2025 was $28.7 million or $0.40 per share, which was in line with the prior quarter ending March 31, 2025. Net expenses for the second quarter were $28.6 million, as compared to $26.5 million for the quarter ended March 31, 2025. The increase was primarily related to higher average borrowings on our credit facilities and the partial expiration of the base management fee waiver. For the quarter ended June 30, 2025, the Company had a net change in unrealized losses on investments of $3.5 million. The unrealized losses for the quarter were primarily driven by negative fair value changes and quarterly amortization of original issue discounts, partially offset by new upfront fees for originations during the quarter. Additionally, the Company had $0.3 million of deferred income tax expense related to unrealized gains on equity investments in the Company's wholly owned taxable subsidiary. As of ($ in thousands) June 30, 2025 March 31, 2025 Investments at fair value $ 2,174,640 $ 2,166,770 Number of portfolio companies 114 116 Average portfolio company investment size $ 19,076 $ 18,679 Asset class: First lien debt 98.0 % 98.1 % Subordinated debt 0.8 % 0.8 % Equity 1.2 % 1.1 % Non-accrual debt investments: Non-accrual investments at fair value $ 34,535 $ 33,322 Non-accrual investments as a percentage of debt investments at fair value 1.6 % 1.6 % Number of investments on non-accrual 5 4 Interest rate type: Percentage floating-rate 100.0 % 100.0 % Percentage fixed-rate 0.0 % 0.0 % Yields (at fair value): Weighted average yield on private middle market loans 10.7 % 10.8 % Weighted average yield on broadly syndicated loans 6.9 % 6.9 % Weighted average yield on total debt portfolio 10.4 % 10.4 % Investment activity during the quarter ended: Gross new investment commitments $ 128,675 (1) $ 340,160 (2) Principal amount of investments funded $ 128,665 (1) $ 294,310 (2) Principal amount of investments sold or repaid $ (118,602 ) (1) $ (113,526 ) (2) Net principal amount of investments funded $ 10,063 $ 180,784 (1) For the quarter ending June 30, 2025, broadly syndicated loans represent $0 of new investment commitments, $0 of investments funded and $46,506 of investments sold or repaid. (2) For the quarter ending March 31, 2025, broadly syndicated loans represent $0 of new investment commitments, $0 of investments funded and $26,916 of investments sold or repaid. Expand Liquidity and Capital Resources As of June 30, 2025, the Company had $75.0 million senior unsecured notes outstanding, $979.0 million borrowed under its credit facilities and cash and cash equivalents of $44.4 million (including investments in money market funds). As of that date, the Company had $346.0 million of undrawn commitments available on its credit facilities (subject to borrowing base restrictions and other conditions). As of June 30, 2025, the Company's debt-to-equity ratio was 0.91x and its asset coverage ratio was 210%. The Company targets a debt-to-equity ratio of 1.0x to 1.25x (which equates to asset coverage of 200% to 180%). The Company is currently below its target but expects to continue to grow its private credit portfolio to achieve the low end of its targeted leverage in the third quarter of 2025. Recent Developments On July 15, 2025, the Company made an investment in SG Credit Partners, Inc. (along with affiliates and subsidiaries; 'SG Credit'), a national credit platform focused on the lower middle market. The investment is structured as an $80 million term loan facility, a $34 million delayed draw term loan facility and a $12 million common equity investment. The interest rate on the debt investments is 11.00%, and the Company will own 22.5% of the equity of SG Credit following the investment. In addition, the Company has an option to purchase additional equity interests of SG Credit at a fixed price. On August 5, 2025, the Board of Directors declared a regular dividend to common stockholders in the amount of $0.40 per share. The regular dividend of $0.40 per share will be paid on October 16, 2025, to stockholders of record as of the close of business on September 30, 2025. On August 8, 2025, the Company amended its Corporate Credit Facility and increased the total commitment from $400 million to $475 million. There was no change to the interest rates or the maturity date. Amounts available for the Company to borrow under the Corporate Credit Facility are subject to compliance with a borrowing base that applies different advance rates to different types of assets that are pledged as collateral. These advance rates and customary concentration limits may vary depending on the asset coverage ratio. Conference Call Information KBDC will host a conference call at 10:00 am ET on Tuesday, August 12, 2025, to review its financial results. All interested parties are invited to participate using the following telephone dial-in or the webcast details: Telephone Dial-in Domestic: 800-715-9871 International: +1 646-307-1963 Conference ID: 2616610 Webcast Link To avoid potential delays, please join at least 10 minutes prior to the start of the earnings call. A telephone replay will also be available by dialing 800-770-2030 (domestic) and +1 609-800-9909 (international) and conference ID of 2616610. The replay will be available until August 19, 2025. Kayne Anderson BDC, Inc. Consolidated Statements of Operations (amounts in 000's, except share and per share amounts) June 30 June 30 2025 2024 2025 2024 Income: (Unaudited) (Unaudited) (Unaudited) (Unaudited) Investment income from investments: Interest income from non-controlled, non-affiliated investments $ 57,120 $ 51,991 $ 112,134 $ 98,228 Dividend income 178 462 409 719 Total Investment Income 57,298 52,453 112,543 98,947 Expenses: Management fees 5,412 4,251 10,543 7,773 Incentive fees 4,452 4,109 8,942 6,740 Interest expense 18,384 13,239 35,509 28,895 Professional fees 368 375 713 639 Directors fees 158 158 316 305 Excise tax expense (benefit) - - (43 ) - Other general and administrative expenses 603 508 1,184 979 Total Expenses 29,377 22,640 57,164 45,331 Less: Management fee waiver (788 ) (471 ) (2,071 ) (471 ) Less: Incentive fee waiver - (4,109 ) - (4,109 ) Net Expenses 28,589 18,060 55,093 40,751 Net Investment Income (Loss) 28,709 34,393 57,450 58,196 Realized and unrealized gains (losses) on investments Net realized gains (losses): Non-controlled, non-affiliated investments (10 ) (138 ) 556 (138 ) Total net realized gains (losses) (10 ) (138 ) 556 (138 ) Net change in unrealized gains (losses): Non-controlled, non-affiliated investments (1,564 ) (3,075 ) (8,057 ) 877 Non-controlled, affiliated investments (1,907 ) - (1,925 ) - Total net change in unrealized gains (losses) (3,471 ) (3,075 ) (9,982 ) 877 Total realized and unrealized gains (losses) (3,481 ) (3,213 ) (9,426 ) 739 Income tax (expense) benefit on unrealized appreciation/depreciation on investments (318 ) - (899 ) - Net Increase in Net Assets Resulting from Operations $ 24,910 $ 31,180 $ 47,125 $ 58,935 Per Common Share Data: Basic and diluted net investment income per common share $ 0.40 $ 0.51 $ 0.81 $ 1.03 Basic and diluted net increase in net assets resulting from operations $ 0.35 $ 0.46 $ 0.66 $ 1.05 Weighted Average Common Shares Outstanding - Basic and Diluted 70,901,688 67,426,904 71,067,266 56,386,161 Expand About Kayne Anderson BDC, Inc. Kayne Anderson BDC, Inc. is a business development company ('BDC') that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. KBDC is externally managed by its investment adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., a prominent alternative investment management firm. KBDC has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended ('1940 Act'). KBDC's investment objective is to generate current income and, to a lesser extent, capital appreciation. For more information, please visit Forward-looking Statements This press release may contain 'forward-looking statements' that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about KBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'will,' 'may,' 'continue,' 'believes,' 'seeks,' 'estimates,' 'would,' 'could,' 'should,' 'targets,' 'projects,' 'outlook,' 'potential,' 'predicts' and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond KBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in KBDC's filings with the SEC. All forward-looking statements speak only as of the date of this press release. KBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Los Angeles Times
2 days ago
- Business
- Los Angeles Times
Kayne Anderson BDC Announces Investment in Southern California Credit Platform SG Credit Partners
Kayne Anderson BDC Inc., a business development company externally managed by its investment adviser, KA Credit Advisors LLC, which is an affiliate of Kayne Anderson Capital Advisors LP, announced an investment in SG Credit Partners Inc., a Southern California-based national credit platform focused on the lower middle market. SG Credit was formed in 2013 and has offices in Newport Beach and Santa Monica, along with regional offices in Atlanta, Boston and Chicago. It has invested in more than 200 companies, originating over $1 billion in commitments across its three lending verticals (commercial finance, consumer products and software & technology). It plans to use its expanded capital base to grow existing verticals and develop adjacent businesses. 'This is a key strategic opportunity for KBDC and highlights our commitment to growing our portfolio with value-enhancing investments,' said Doug Goodwillie, co-chief executive of KBDC, in a statement. 'SG Credit's unique lower middle market lending platform is highly complementary to our business and will further enhance the returns of KBDC's diversified portfolio.' The investment complements KBDC's private credit investment capabilities by further diversifying proprietary investment channels and will be structured as an $80-million term loan facility, $34-million delayed draw term loan facility and $12-million common equity investment. KBDC anticipates that its debt investment in SG Credit will be immediately accretive to earnings in 2025, and it will be a significant minority shareholder in SG Credit following the closing of the transaction. 'We are proud and excited to partner with a firm of the caliber and history of Kayne Anderson. This collaboration will not only support our growth with additional capital but also enable us to offer innovative, value-added financing solutions to a wider range of companies,' said Marc Cole, co-founder and chief executive of SG Credit, in a statement. Fenchurch Advisory Partners US LP served as financial advisor and Mayer Brown LLP as legal advisor to KBDC. Solomon Partners served as financial advisor and Greenberg Traurig LLP and Brenner, Saltzman & Wallman LLP as legal advisors to SG Credit. Information for this article was sourced from Kayne Anderson BDC.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Kayne Anderson BDC, Inc. Announces Investment in SG Credit Partners, Inc., a Leading Lower Middle Market Credit Platform
Kayne Anderson BDC, Inc. (NYSE: KBDC) ('KBDC' or the 'Company'), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, LP ('Kayne Anderson'), today announced an investment in SG Credit Partners, Inc. (along with affiliates and subsidiaries; 'SG Credit'), a national credit platform focused on the lower middle market to complement KBDC's middle market investing strategy. SG Credit was formed in 2013 and has invested in more than 200 companies, originating over $1.0 billion in commitments across its three lending verticals (Commercial Finance, Consumer Products, and Software & Technology). With offices in Newport Beach, Santa Monica, Atlanta, Boston, and Chicago, SG Credit plans to use its expanded capital base to grow existing verticals and develop adjacent businesses. The investment complements KBDC's private credit investment capabilities by further diversifying proprietary investment channels and will be structured as an $80.0 million term loan facility, $34.0 million delayed draw term loan facility and $12.0 million common equity investment. KBDC anticipates that its debt investment in SG Credit will be immediately accretive to earnings in 2025. KBDC will also be a significant minority shareholder in SG Credit following the closing of the transaction. 'This is a key strategic opportunity for KBDC and highlights our commitment to growing our portfolio with value-enhancing investments,' said Doug Goodwillie, Co-Chief Executive Officer of KBDC. 'SG Credit's unique lower middle market lending platform is highly complementary to our business and will further enhance the returns of KBDC's diversified portfolio.' 'There have been a number of highly successful investments by BDCs and credit managers into asset-based platforms and finance companies in the past few years,' said Frank Karl, Senior Vice President of KBDC. 'We have known the team at SG Credit for many years and they have delivered a strong track record of returns for their investors. We think that their investment culture is well-aligned with KBDC's and are excited to partner with the team to provide a greater breadth of financing solutions to our clients.' SG Credit Chairman Mack McNair commented, 'We appreciate Kayne Anderson's confidence in SG Credit. Their investment, combined with continued support and incremental investment from 4612 Group and The Cynosure Group, is a validation of the business we are building with Marc Cole, Charlie Perer, Andrew Hettinger, and the entire SG Credit team. With this investment, SG Credit is well-positioned in its pursuit of sound, profitable, growth as a leading multi-product credit platform serving the lower middle market.' 'We are proud and excited to partner with a firm of the caliber and history of Kayne Anderson. This collaboration will not only support our growth with additional capital but also enable us to offer innovative, value-added financing solutions to a wider range of companies,' said Marc Cole, Co-Founder and Chief Executive Officer of SG Credit. Fenchurch Advisory Partners US LP is serving as financial advisor and Mayer Brown LLP is acting as legal advisor to KBDC. Solomon Partners is serving as financial advisor and Greenberg Traurig LLP and Brenner, Saltzman & Wallman LLP are acting as legal advisors to SG Credit. About Kayne Anderson BDC, Inc. Kayne Anderson BDC, Inc. is a business development company ('BDC') that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. KBDC is externally managed by its investment adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., a prominent alternative investment management firm. KBDC has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended ('1940 Act'). KBDC's investment objective is to generate current income and, to a lesser extent, capital appreciation. For more information, please visit About SG Credit Partners, Inc. SG Credit Partners ('SGCP'), is a national private credit manager providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $1 billion to lower middle market entrepreneurs across a variety of industries. About 4612 Group 4612 Group is an Atlanta-based investment firm and Registered Investment Advisor. 4612's team has more than 20 years of experience investing alongside one another and focuses primarily on direct investments where it partners with founders and management owners of mid-sized businesses throughout the US. About The Cynosure Group The Cynosure Group is a Salt Lake City based diversified investment firm that supports family offices, foundations, endowments, and like-minded investors who are seeking to build their wealth and maximize their impact in the world. Cynosure's direct growth equity investments target partnerships with founders and management-owners of profitable small to mid-sized North American-based companies who will remain meaningful owners of their business. Forward-looking Statements This press release may contain 'forward-looking statements' that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about KBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'will,' 'may,' 'continue,' 'believes,' 'seeks,' 'estimates,' 'would,' 'could,' 'should,' 'targets,' 'projects,' 'outlook,' 'potential,' 'predicts' and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond KBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in KBDC's filings with the SEC. All forward-looking statements speak only as of the date of this press release. KBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Business Wire
15-07-2025
- Business
- Business Wire
Kayne Anderson BDC, Inc. Announces Investment in SG Credit Partners, Inc., a Leading Lower Middle Market Credit Platform
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) ('KBDC' or the 'Company'), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, LP ('Kayne Anderson'), today announced an investment in SG Credit Partners, Inc. (along with affiliates and subsidiaries; 'SG Credit'), a national credit platform focused on the lower middle market to complement KBDC's middle market investing strategy. SG Credit was formed in 2013 and has invested in more than 200 companies, originating over $1.0 billion in commitments across its three lending verticals (Commercial Finance, Consumer Products, and Software & Technology). With offices in Newport Beach, Santa Monica, Atlanta, Boston, and Chicago, SG Credit plans to use its expanded capital base to grow existing verticals and develop adjacent businesses. The investment complements KBDC's private credit investment capabilities by further diversifying proprietary investment channels and will be structured as an $80.0 million term loan facility, $34.0 million delayed draw term loan facility and $12.0 million common equity investment. KBDC anticipates that its debt investment in SG Credit will be immediately accretive to earnings in 2025. KBDC will also be a significant minority shareholder in SG Credit following the closing of the transaction. 'This is a key strategic opportunity for KBDC and highlights our commitment to growing our portfolio with value-enhancing investments,' said Doug Goodwillie, Co-Chief Executive Officer of KBDC. 'SG Credit's unique lower middle market lending platform is highly complementary to our business and will further enhance the returns of KBDC's diversified portfolio.' 'There have been a number of highly successful investments by BDCs and credit managers into asset-based platforms and finance companies in the past few years,' said Frank Karl, Senior Vice President of KBDC. 'We have known the team at SG Credit for many years and they have delivered a strong track record of returns for their investors. We think that their investment culture is well-aligned with KBDC's and are excited to partner with the team to provide a greater breadth of financing solutions to our clients.' SG Credit Chairman Mack McNair commented, 'We appreciate Kayne Anderson's confidence in SG Credit. Their investment, combined with continued support and incremental investment from 4612 Group and The Cynosure Group, is a validation of the business we are building with Marc Cole, Charlie Perer, Andrew Hettinger, and the entire SG Credit team. With this investment, SG Credit is well-positioned in its pursuit of sound, profitable, growth as a leading multi-product credit platform serving the lower middle market.' 'We are proud and excited to partner with a firm of the caliber and history of Kayne Anderson. This collaboration will not only support our growth with additional capital but also enable us to offer innovative, value-added financing solutions to a wider range of companies,' said Marc Cole, Co-Founder and Chief Executive Officer of SG Credit. Fenchurch Advisory Partners US LP is serving as financial advisor and Mayer Brown LLP is acting as legal advisor to KBDC. Solomon Partners is serving as financial advisor and Greenberg Traurig LLP and Brenner, Saltzman & Wallman LLP are acting as legal advisors to SG Credit. About Kayne Anderson BDC, Inc. Kayne Anderson BDC, Inc. is a business development company ('BDC') that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. KBDC is externally managed by its investment adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., a prominent alternative investment management firm. KBDC has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended ('1940 Act'). KBDC's investment objective is to generate current income and, to a lesser extent, capital appreciation. For more information, please visit About SG Credit Partners, Inc. SG Credit Partners ('SGCP'), is a national private credit manager providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $1 billion to lower middle market entrepreneurs across a variety of industries. About 4612 Group 4612 Group is an Atlanta-based investment firm and Registered Investment Advisor. 4612's team has more than 20 years of experience investing alongside one another and focuses primarily on direct investments where it partners with founders and management owners of mid-sized businesses throughout the US. About The Cynosure Group The Cynosure Group is a Salt Lake City based diversified investment firm that supports family offices, foundations, endowments, and like-minded investors who are seeking to build their wealth and maximize their impact in the world. Cynosure's direct growth equity investments target partnerships with founders and management-owners of profitable small to mid-sized North American-based companies who will remain meaningful owners of their business. Forward-looking Statements This press release may contain 'forward-looking statements' that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about KBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'will,' 'may,' 'continue,' 'believes,' 'seeks,' 'estimates,' 'would,' 'could,' 'should,' 'targets,' 'projects,' 'outlook,' 'potential,' 'predicts' and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond KBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in KBDC's filings with the SEC. All forward-looking statements speak only as of the date of this press release. KBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Business Wire
10-07-2025
- Business
- Business Wire
Kayne Anderson BDC, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) ('KBDC'), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the second quarter ended June 30, 2025 on Monday, August 11, 2025, after the close of financial markets. KBDC will host a conference call at 10:00 am ET on Tuesday, August 12, 2025, to review its financial results. All interested parties are invited to participate using the following telephone dial-in or the webcast details: Telephone Dial-in Domestic: 800-715-9871 International: +1 646-307-1963 Conference ID: 2616610 Webcast Link To avoid potential delays, please join at least 10 minutes prior to the start of the earnings call. A telephone replay will also be available by dialing 800-770-2030 (domestic) and +1 609-800-9909 (international) and conference ID of 2616610. The replay will be available until August 19, 2025. About Kayne Anderson BDC, Inc. Kayne Anderson BDC, Inc. is a business development company ('BDC') that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. KBDC is externally managed by its investment adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., a prominent alternative investment management firm. KBDC has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended ('1940 Act'). KBDC's investment objective is to generate current income and, to a lesser extent, capital appreciation. For more information, please visit Forward-looking Statements This press release may contain 'forward-looking statements' that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about KBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'will,' 'may,' 'continue,' 'believes,' 'seeks,' 'estimates,' 'would,' 'could,' 'should,' 'targets,' 'projects,' 'outlook,' 'potential,' 'predicts' and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond KBDC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in KBDC's filings with the SEC. All forward-looking statements speak only as of the date of this press release. KBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
